How companies go about detecting automated software and threats in cyberspace has a lot to do with their potential to fall victim to these scams. Be aware of the latest threats and employ multi-factor authentication to protect your data, systems, devices and company reputation.
#1 — Ransomware
One of the biggest ongoing concerns and threats to our digital existences has been the proliferation and exponential rise of ransomware. You know, the type of thing that locks you out of your computer with an impending countdown that signals the digital death of your entire virtual existence. As it counts down, threatening to encrypt every last shred of data, you realize the peril that digital criminals can inflict on their unassuming victims.
#2 — Phishing schemes
A large majority of people get caught up in phishing schemes. Phishing schemes are engineered to get you to click on things and oftentimes they seem harmless. Simply click on a link and it will go to some URL. That’s it. However, as harmless as they seem, phishing schemes can lead to to a number of major online security breaches if you’re not careful. By paying close attention to what you’re clicking on, you’ll better be able to mitigate these types of attacks.
#3 — Man-in-the-middle (MIIM) attacks
One of the most sophisticated threats that exist online are man-in-the-middle attacks. I’ve seen these threats firsthand and know just how malicious they can be. Everything seems okay all the way to the final point of entry (even when using 2-factor authentication). This malware sits on your computer and waits until you’ve entered in all your credentials, then it actually swaps out the server that receives the communication and even communicates back to you.
#4 — Ad fraud
Online ad fraud is far more widespread than anyone could possibly imagine. This is likely one of the biggest cyber-threats that seems to go under the proverbial radar. Few people know that they’ve been scammed by sophisticated ad fraud systems after it’s occurred. Publishers simply see views increasing and most ad platforms don’t provide high specifics as far as direct views on every single ad impression or click, leaving most people in the dark.
#5 — Social media schemes
Instagram (IG) money-flipping schemes and many others social media scams have surfaced in recent years. Considering that IG is one of the most popular social media platforms in the world, it’s no wonder that unscrupulous cybercriminals are targeting individuals who are in desperate situations, looking to make a few hundred or a few thousand dollars quickly. These IG money-flipping schemes have become so widespread that the company can only take down 1 money-flipping scam for ever 3 that are being created.
#6 — Bitcoin scams
Bitcoin scams have been on the rise recently, especially since the cryptocurrency leaves little in the way of traceable information and unlike with the banking sector, the transactions are irreversible. For those particular reasons alone, cybercriminals have been flocking to the Bitcoin platform. In fact, a large part of their criminal activity is dealt with in Bitcoins for a great majority of their malware attacks that include ransomware and other hacking initiatives.
#7 — Social engineering
Social engineering isn’t a new threat. In fact, criminals have been using social engineering hacks in person for ages now. However, when it comes to fraud and other crimes occurring online, this threat is certainly on the rise. With the layer of anonymity that the internet affords, it’s no wonder that social engineering works so well in this medium. Most aren’t that careful about who they interact with or what type of information that they give out or expose online.
#8 — Targeting employees to compromise corporate networks
Another major online threat involves directly targeting employees to compromise corporate networks. Since some employees act as the gatekeepers into their corporate networks, there’s no surprise that this is on the rise. For example, a large part of the wire fraud that occurs happens because cybercriminals successfully target the right employees to compromise the company’s corporate network, allowing them almost unfettered access and approval to steal millions of dollars with ease.
#9 — Tracking movements for physical targeting
One massive online threat that exists, which can also help put your physical safety into peril, is the tracking of movements through social media and other channels. For consumers, this is an enormous risk, especially for those individuals that aptly portray a lavish lifestyle, traveling around the world. When cybercriminals know that you aren’t home, it’s simple for them to break into your home and steal your belongings.
#10 — Customer service interception
One of the gatekeepers to any company are their customer service representatives. They are one of the most proliferous category of employees who are interfacing with the clients on a daily basis. However, as skilled as they might be at their jobs, they are often unaware of the online threats that most cybercriminals pose when interacting through a number of mediums. In fact, cybercriminals are known to replicate profiles and post throughout social media to draw attention to unassuming individuals.
Not only is this bad financially speaking, but it’s also bad for a company’s reputation. When a customer is angry, they often don’t care whether they were speaking to an imposter or the actual company’s representative themselves. At that point, it’s usually too late to put out the fire. If you’re a business and you’re serious about your company’s online security through social media channels, it’s important to invest in a platform to help you mitigate such attacks.